Panama

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Republic of Panama
República de Panamá  (Spanish)
Motto: "Pro Mundi Beneficio" (Latin)
"For the Benefit of the World"
Anthem: Himno Nacional de Panamá  (Spanish)
National anthem of Panama
Capital
and largest city
Panama City
8°58′N 79°32′W / 8.967°N 79.533°W / 8.967; -79.533
Official languages Spanish
Ethnic groups
Demonym Panamanian
Government Unitary presidential constitutional republic
 -  President Juan Carlos Varela
 -  Vice President Isabel Saint Malo
Legislature National Assembly
Independence
 -  from Spain November 28, 1821 
 -  from Colombia November 3, 1903 
Area
 -  Total 75,517 km2 (118th)
29,157 sq mi 
 -  Water (%) 2.9
Population
 -  January 2013 census 4,100,000
 -  Density 54,2/km2 (156th)
140.6/sq mi
GDP (PPP) 2012 estimate
 -  Total $55.797 billion[1]
 -  Per capita $15,265[1]
GDP (nominal) 2012 estimate
 -  Total $34.819 billion[1]
 -  Per capita $9,526[1]
Gini (2009)  52[2]
high
HDI (2013) Increase 0.780[3]
high · 59th
Currency (PAB, USD)
Time zone EST (UTC−5)
Drives on the right
Calling code +507
Internet TLD .pa

Panama is a country in Central America. Its official name is the Republic of Panama, and it is most famous for the Panama Canal. Countries bordering Panama are Costa Rica in the Northwest and Colombia in the Southeast. Panama is between the Caribbean Sea and the Pacific Ocean. Most of the people in Panama are Roman Catholic (about 80%).

Harbors[change | change source]

The Caribbean coastline has many good natural harbors. However, Cristóbal, at the Caribbean terminus of the canal, had the only important port facilities in the late 1980s. The many islands of the Archipiélago de Bocas del Toro, near the beaches of Costa Rica, made an extensive natural roadstead and shield for the port of Almirante. The over 350 San Blas Islands, near Colombia, are spread out for more than 160 km along the sheltered Caribbean coastline.

Demographics[change | change source]

The population of Panama is about 3,405,813 in May 2010. The ethnic makeup of Panama is:

  • 50.1%: Multiracial (European, African, Native American, Others).
  • 22.0%: Black African (Bantu-Congo 42%, Akan-Igbo 20%, Mandinga-Wolof 20%, Yoruba 10%, Others 8%).
  • 6.7%: Native American (Embera, Wounaan, Ngobe bugle, Kuna, Naso, Bribri).
  • 8.6%: White European (Spanish-Canarian 74%, German 13%, Italian and Others 13%).
  • 5.5%: Asian (Chinese 93%, Korean and Japanese 7%).
  • 7.1%: Other.

The information there **Other** is likely including Arabs, East Indians, and some Russian.

For ships, Panama is a flag of convenience.

Economy[change | change source]

In 2011 Panama had an unemployment rate of 2.7%.[4] Panama also had a food surplus in August 2008. Panama was ranked at number 60 on the Human Development Index in 2008.

Panama's economy has experienced an economic boom in recent years. Real gross domestic product (GDP) growth was over 10.4% from 2006–2008. The Panamanian economy has been one of the fastest growing and best managed in Latin America. Latin Business Chronicle has predicted that Panama will be the fastest growing economy in Latin America in the five-year period of 2010–14.[5]

Panama is impacted by the global financial crisis. It threatens to damage the social gains made in the past few years.

The expansion project of the Panama Canal and the free trade agreement with the United States is expected to boost and extend the economy.

Provinces[change | change source]

The nine provinces and three provincial-level comarcas of Panama.

Panama is divided into nine provinces. Also, there are five Comarcas (literally: "Shires") populated by a variety of indigenous groups.

Provinces
Comarcas

References[change | change source]

Other websites[change | change source]